Mar 5, 2012 Weekly Singapore stocks with Jonathan Tan
Dow Jones still could not close above 13,000, and Straits Times also kept on flirting with 3000. Is it really that important? A lot of Singapore stocks are having warning signals that it needs a rest. Will it be sideway trend or will it profit take? Find out what it is in this week video edition.
Remember to let your friends know about this video, ChartingAcademy.com, Facebook and weekly webinar (Thurs 10am). Thanks.
My opinion…
Dow still not able to close above 13,000. Tonight is non farm payroll. Tonight could be the night, either the bull charge or retreat. HSI is flirting at resistance. Therefore watch your position very carefully. Draw a support and resistance line. Break above is long, break below is short (although I don’t quite like to long, but then, it is just me). So far bearish candlestick in S&P has no confirmation, which shows that the bull is still strong. There has to be a time to rest, but those that tried to short at the top has been BBQed. Safest place to short is always on lower high but people will still want to short on highest high because of “personal achievement”. It is like saying, “I shorted Cosco at 8.20 and still shorting…”. Those kind of statement will make people envy, right? But it is a very expensive statement because picking the top is very expensive.
Now is the time to be patience. The alert I sent out early in the week is still valid for today as I put in the Entry price that is conservative. In other words, if it does hit, then market is really coming down. Therefore so far, no hit means no entry and market is still moving up. If you entered to short blindly because you do not want to wait for it, or want to have more profits,, then I hope you realize why I have the Entry Price. Why bother spending time to calculate the Entry Price if one don’t want to wait? Might as well I say xxx counter and AHA (Anyhow Hantam Analysis). I trade using technical analysis, and technical means technical which means there must be something technical (no idea what I am trying to say) and numbers has to be involved.
And definitely, now is not the time to be a hero. Patience.
Note: There are individual counters that are moving, but I am looking at the index for overall market condition. Penny counter looks weak. Blue chip seems to be running out of steam. Now market is no longer running on stored energy but just using artificial booster to keep it pumping. Just waiting for it to get overdose.
NOTE: Thanks for the Alert! There is no Non-Farm Payroll report out tonight. It has been postponed to next week. Therefore, tonight high probability would be a low volume drift higher… unless there are some news out from Europe.
Mar 1, 2012 Mid-Week Singapore stocks with Jonathan Tan
Dow Jones broke below 13000 again. This 13000 is a psychology level that the whole world is watching. Such a tremendous pressure to perform. And with Straits Times flirting with the 3000 levels again, all eyes are watching the stock market. What about Singapore individual counters? Find out what it is in this week video edition.
Remember to let your friends know about this video, Facebook and weekly webinar (Thurs 10am). Thanks
March 1, 2012 10:00am Mid-week webinar (Open to everyone)
Market continue to run higher. Bulls are flooding the market. Anyhow Hantam Strategy has been working so far. Dow closed above 13,000. Is it time to sell the house, car, and wife to put everything into the stock market? Join me in this webinar to find out more.
Click here to access the webinar at 10:00am Thursday
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The performance chart as shown in this week YouTube
If market still wants to go higher, a sector would have to lead. As of now, the round robin game has completed. Time to find another sector to lead this relay. If no player shows up, then the bears will be in attacking mood
Straits Times – possible support level
If Straits Times do continue to go lower, there is a strong possible support at 2870 which is near the 200 days moving average, fibonacci 38.2% support and also a rising window support (see arrow). If you have any long position, do set a trailing stop. If I am wrong about the market coming lower, your trailing stop should not be hit at all, and you will be happily ride it higher. If I am right, then you would have protected your position with the trailing stop. Either way, your capital would be nicely preserved, unless of course you show hand over the last few days…
VIX – sign of fear
If VIX rebounds tonight, then there is a bullish divergence in the chart. Which means when there is fear in the market, high chance market will turn lower. Therefore be cautious if you have long position…
Feb 27, 2012 Weekly Singapore stocks with Jonathan Tan
S&P made the 4 year high but Straits Times top has formed. Higher low is expected but is it safe to long counters now? Or is it time to short? Find out what it is in this week video edition.
Remember to let your friends know about this video, ChartingAcademy.com, Facebook and weekly webinar (Thurs 10am). Thanks.
Jardine C&C – lower high and lower low
One of the Straits Times component, Jardine C&C is getting weaker and breaking down. Previously Jardine has been holding STI higher, but now, it is just too tired already.
